10 Step Guide to Getting a Virginia Real Estate License and finding a real estate school Richmond VA
1.) Real Estate Classes: Research real estate schools Richmond Va that offer the Principles of Real Estate course. This course is required by the State of Virginia. In Virginia, the Department of Professional and Occupational Regulation, or DPOR, regulates service professions like real estate sales (or real estate brokerage) and require a 40 hour course and an examination. A Real Estate School Richmond Va must certified by DPOR. These real estate schools will typically offer a classroom-based course or an online course that ends with a school Exam. Your type of learning preference should determine what type of class is right for you. A real estate school richmond will cost between $190-$400 depending on the value the course offers. Once you pass this exam, then you graduate and will sit for the State Exam. At Snipes Properties, we have partnered with Moseley Real Estate Schools. get more information here.
2.) State Exam: Once you have completed the class from a certified real estate school in Richmond you will need to take the proctored VA State exam. This test is administered by PSI Exams. They are a private contractor employed by the State of Virginia to administer the State Real Estate Exam. The exam is divided into two parts, a State Law portion and a Federal Law portion. You must receive a passing score on both portions to receive a salesperson license.
3.) Activate License: Once you pass your exam you will receive certification from PSI Exams that you passed and they will electronically report that to DPOR. Wait, you don’t have a license just yet.
4.) Choose a Company: Research different real estate firms, or brokers. In the State of Virginia when you receive your real estate license you are considered a real estate salesperson – But you must work for (or hang your license with) a real estate broker or real estate firm. Firms offer different environments and business advantages. At Snipes Properties we offer a boutique team-based culture coupled with cutting-edge real estate training and technology. We also provide our new agents customer leads, which is rare at other firms. This allows agents to hit the ground running and get immediate experience. Email us to schedule an interview at info@SnipesProperties.com
5.) Application: Once you have decided which firm or broker you want to affiliate with, you will then need to download the form entitled “Salesperson License by Examination Application” from DPOR’s website.
6.) Activation Fee: You must pay DPOR a fee of $170. The form must be signed by the Principal Broker of the firm you want to work for and you must deliver the original copy to DPOR. They do not accept faxes or email. You can mail it, but it is highly recommend that you hand deliver it.
7.) Display License: DPOR will then issue you a license which will be mailed to the firm you are working for. They will hold your license on file and you will receive a “wallet version” to keep with you like a driver license. At this point, you are technically licensed and can work in a variety of companies that offer real estate services in the State of Virginia including commercial firms or property management companies. Most new licensees are likely to go into residential sales and they will also need to become a REALTOR and join the Richmond Association of REALTORS or RAR.
8.) Become a Realtor: To join RAR, you will need to complete their new member form and enroll in orientation class. The cost to become a Realtor is broken up into several separate fees and is approximately $1500 upfront.
9.) MLS Access: Once you complete the orientation class and pay the fees, you will be given access to the Central Virgina Regional Multiple Listing Service, or CVRMLS, or just MLS for short.
10.) Start your Career: You are now a Licensed Real Estate Salesperson and a REALTOR! But, the real work has just begun!! Now you need sales training to begin your real estate career. At Snipes Properties we offer a work-while-you-learn program that is designed by the industry leader in real estate sales training. You use a program called 100 Days to Greatness that was developed by Brian Buffini. He is one of the nations most prolific real estate trainers.
To learn more about our Program simply request a one-on-one Career Counseling appointment with one of our brokers. Email us at info@SnipesProperties.com